Interstate 25 & Nm599 is aland property for lease in Santa Fe, NM.
This property includes 24.8 acres of land already subdivided into 5 parcels and it is perhaps the most desirable location on the south side of Santa Fe. Located at the intersection of Interstate 25 and S.R. 599, the subject property offers premium highway access, is close to the fastest growing part of Santa Fe, and yet is only 15 minutes from the historic plaza. The land was recently annexed by the City of Santa Fe and identified as a “Business Park” zoning district (BIP). This allows for the following uses: Research and development activities, offices, institutions & light manufacturing uses, extended care facilities & adult care, vocational schools, public government buildings, veterinarian, private clubs, eating & drinking establishments, medical/dental clinics, conference & extended stay lodgings, exercise spas & gym facilities, small retail establishments (5,000 SF max per business), telecommunication facilities, testing & research laboratories, transit transfer facilities.
The property is priced below the appraisal completed prior to City annexation. At $3.69/SF, this offers exceptional value and a tremendous opportunity for a developer or end user. The property consists of 5 existing lots. The price is $3,983,000 for the entire property or Owner will sell 10 acres for $1,606,000. Water & sewer need to be extended to the property. Owner financing is available or the Owner will consider a trade.